| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $449M | $486M | $404M | -7.8% | 11.1% |
| Op. Income | -$59M | -$57M | -$93M | -3.8% | 36.7% |
| Gross Margin | 81.6% | 82.2% | 80.2% | -0.5pp | 1.4pp |
| Net Margin | -15.8% | -14.6% | -27.7% | -1.3pp | 11.8pp |
| EPS (Diluted) | $-0.30 | $-0.31 | $-0.50 | 3.2% | 40.0% |
| Free Cash Flow | $53M | $63M | -$20M | -16.4% | 362.6% |
| Item | Amount |
|---|---|
| REVENUE | $449M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $366M |
| R&D Expenses | $143M |
| Selling & Marketing | $229M |
| General & Administrative | $53M |
| SG&A Expenses | $282M |
| Other Expenses | $0 |
| Operating Expenses | $425M |
| Cost & Expenses | $507M |
| OPERATING INCOME | -$59M |
| Interest Income | $11M |
| Interest Expense | $16M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$71M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$71M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$71M |
| D&A | $20M |
| EBIT | -$50M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$71M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $73M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$202M |
| Sales/Maturities of Investments | $194M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $440M |
| Short-Term Investments | $919M |
| Net Receivables | $141M |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $213M |
| Goodwill | $185M |
| Intangible Assets | $7M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $372M |
| TOTAL NON-CURRENT ASSETS | $781M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $34M |
| Short-Term Debt | $35M |
| Deferred Revenue | $806M |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $737M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$789M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$789M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.3B |
| Net Debt | $885M |
